Moore Law Firm

Moore Law Firm

9949 W. Bell Road
Suite 201
Sun City, AZ 85351
Contact Us For A Courtesy Consultation
623-207-9153

trusts Archives

How to prepare for the end of a trust

As many Arizona residents start to think about estate planning, they start considering trusts as a way to distribute their property upon their death. Trusts can offer your family security and stability during an otherwise difficult time in their lives. Trusts can help lower the amount of estate taxes owed and help your family avoid probate.

How can I get started with estate planning?

We often hear how important it is for us to start preparing for the future, particularly when it comes to our assets. Without a thorough estate plan in place, your children or other relatives may end up in a bitter dispute over the family home or other valuable property. However, according to a survey by WealthCounsel, a majority of Americans feel that estate planning is confusing and they do not have a will or trust in place.

Why you should "trust" trusts as part of your estate plan

Trusts are often the best way for Arizona residents to distribute assets without having to worry about the costly and time-consuming probate process. There are many benefits to using a trust in Arizona. For one thing, a trust can offer protection. When someone passes away, the probate process allows the public to access information regarding the deceased's will and assets. As the estate goes through probate, the creditors will be paid off, and probate fees in the range of 3 to 8 percent of the total estate will be assigned, plus estate and income taxes.

Should I create a special needs trust for my child?

One of the best ways to protect your children's future is to create a will and designate them as beneficiaries. That way, they will be taken care of after you and your spouse are deceased. This may seem simple enough, but the process becomes much more complicated if you are the parent of a child who has special needs.

Older parents with young children should consider estate planning

As we get older, estate planning becomes an even more important necessity. Without a solid plan in place to distribute your assets, your loved ones may not have access to your property upon your death. Legendary musician Billy Joel, at the age of 68, recently announced that he is expecting his second child with his wife. With a baby on the way, plus his two other children, ages 31 and 2, Joel has certain things to consider due to being an older parent to young kids.

Can I make changes to my trust?

Arizona residents who have started the estate planning process may be concerned that they will not be able to make changes to their trusts once they are finalized. Fortunately, most trusts are both revocable and amendable, so you may be able to make multiple changes to your trust over time, or cancel it altogether. However, trusts are legal instruments, so the terms of the trust will dictate what you can do with it.

What are the types of trusts available to me?

On our website, we often discuss the importance of planning for your family's financial future and how trusts can be extremely useful, even if you don't have a lot of assets. Once you have decided to begin the estate planning process, it is important that you talk to your attorney about the variety of trusts available and decide which type would be best for you.

Arizona residents may have misconceptions about trusts

Forming a trust can be a great way to help manage assets and make sure they are legally distributed to the right parties when one passes away. However, residents may be weary of using a trust due to a few common misconceptions. A financial planning expert debunked five major misconceptions regarding trusts.

Revocable trust can help you distribute your estate to loved ones

Many people put off deciding who to leave their estate to when they pass away. Unfortunately, many people die unexpectedly in Arizona without a plan and their assets go to unintended beneficiaries or the probate process delays the distribution of the property significantly. A revocable living trust can help you make sure your loved ones get the things you valued so highly as quickly as possible.

Client Testimonials

I got the family trust updated.
I was very pleased with the expertise and professionalism exhibited by your staff in serving my needs.

I needed to review my Will, recommended by my son.
Mr. Farrer’s expertise helped me realize that a Trust would better serve my needs.
The staff and Mr. Farrer were very professional and friendly (not cold). Thank you. Very comfortable atmosphere.

Our legal documents were outdated due to time and circumstances.
The staff at Moore Law Firm worked with us to develop a trust and other legal documents which meet our current as well as our future needs.
The staff at moore law firm were so professional, knowledgable and friendly to work with. They worked beyond to accomodate our needs. Thank you all.

Moore Law Firm
9949 W. Bell Road
Suite 201
Sun City, AZ 85351

Phone: 623-207-9153
Phone: 623-207-9153
Fax: 623-977-7237
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